Exports pay for imports. Yet in 2012 the nations of the world exported about $540 billion more
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“Exports pay for imports. Yet in 2012 the nations of the world exported about $540 billion more of goods and services to the United States than they imported from the United States.” Resolve the apparent inconsistency of these two statements.
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Exports pay for imports in the long runIn the short te...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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